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RMUNX Oppenheimer Rochester® Fund Municipals A

  • Fund
  • RMUNX
  • Price as of: Aug 23, 2019
  • $17.04 - $0.00 - 0.00%
  • Category
  • Single State Municipal Bonds

RMUNX - Profile

Vitals

  • YTD Return 11.0%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $5.41 B
  • Holdings in Top 10 14.8%

52 WEEK LOW AND HIGH

$17.04
$15.18
$17.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.21%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni New York Long

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.64%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Invesco Oppenheimer Rochester® Fund Municipals Fund
  • Fund Family Name OppenheimerFunds
  • Inception Date May 15, 1986
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Troy E. Willis

Fund Description

The Oppenheimer Rochester Fund Municipals Fund Class A (RMUNX) is a low-cost, actively managed mutual fund that seeks to provide income that is exempt from both Federal taxes and New York State taxes. The fund does this by investing in various municipal bonds issued by state and local agencies and governments. The fund’s managers use credit analysis to find high-quality, undervalued bonds, holding them through maturity. As a long-duration bond fund, RMUNX’s holdings typically have maturities of 10 to 15 years.

For investors living in New York who are in higher tax brackets, RMUNX makes a great choice for finding income. The fund is internally managed by Oppenheimer Funds.

RMUNX - Performance

Return Ranking - Trailing

Period RMUNX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -3.5% 8.2% 0.38%
1 Yr 8.0% -5.8% 7.5% 0.26%
3 Yr 3.5%* -2.2% 2.6% 0.26%
5 Yr 2.3%* -1.1% 2.3% 0.39%
10 Yr 1.7%* -1.1% 3.6% 5.92%

* Annualized


Return Ranking - Calendar

Period RMUNX Return Category Return Low Category Return High Rank in Category (%)
2018 5.2% -7.2% 11.0% 1.80%
2017 -0.6% -10.1% 6.8% 92.78%
2016 0.0% -4.9% 0.0% 0.64%
2015 -4.4% -5.6% 1.8% 98.71%
2014 7.4% -34.8% 15.6% 19.57%

Total Return Ranking - Trailing

Period RMUNX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -3.5% 8.2% 0.38%
1 Yr 8.0% -5.8% 7.5% 0.51%
3 Yr 3.5%* -2.2% 2.6% 0.26%
5 Yr 2.3%* -1.1% 4.3% 2.58%
10 Yr 1.7%* -1.1% 5.6% 8.80%

* Annualized


Total Return Ranking - Calendar

Period RMUNX Return Category Return Low Category Return High Rank in Category (%)
2018 5.2% -7.2% 11.0% 1.80%
2017 -0.6% -10.1% 6.9% 93.17%
2016 0.0% -4.9% 1.0% 2.32%
2015 -4.4% -5.6% 4.0% 98.71%
2014 7.4% -34.8% 16.3% 20.79%

NAV & Total Return History

RMUNX - Holdings

Concentration Analysis

RMUNX Category Low Category High RMUNX % Rank
Net Assets 5.41 B 6.42 M 20.6 B 1.15%
Number of Holdings 695 31 4231 3.21%
Net Assets in Top 10 796 M 261 K 2.92 B 0.64%
Weighting of Top 10 14.82% 2.5% 57.1% 82.05%

Top 10 Holdings

  1. CHILDRENS TR FD P R TOB SETTLEMENT REV 0% 2.37%

  2. BROOKLYN ARENA LOC DEV CORP N Y PILOT REV 5% 1.70%

  3. NEW YORK TRANSN DEV CORP SPL FAC REV 5.25% 1.68%

  4. CHILDRENS TR FD P R TOB SETTLEMENT REV 0% 1.42%

  5. SUFFOLK TOB ASSET SECURITIZATION CORP N Y TOB SETTLEMENT ASSET-BKD 6.62% 1.37%

  6. LIBERTY N Y DEV CORP REV 5.25% 1.31%

  7. MTA HUDSON RAIL YARDS TR OBLIGS REV 5% 1.30%

  8. PUERTO RICO PUB BLDGS AUTH REV GTD 5% 1.28%

  9. UNIVERSITY P R UNIV REVS 5% 1.21%

  10. NEW YORK CNTYS TOB TR V 0% 1.18%


Asset Allocation

Weighting Return Low Return High RMUNX % Rank
Bonds
100.00% -0.60% 102.82% 17.18%
Stocks
0.00% 0.00% 0.28% 16.03%
Preferred Stocks
0.00% 0.00% 0.00% 14.49%
Other
0.00% -2.22% 8.43% 22.31%
Convertible Bonds
0.00% 0.00% 0.00% 14.49%
Cash
0.00% -2.82% 92.17% 73.97%

Bond Sector Breakdown

Weighting Return Low Return High RMUNX % Rank
Municipal
100.00% 0.00% 103.29% 17.05%
Derivative
0.00% -0.20% 0.00% 14.49%
Cash & Equivalents
0.00% -2.82% 92.17% 71.54%
Securitized
0.00% 0.00% 0.00% 14.49%
Corporate
0.00% 0.00% 4.72% 22.18%
Government
0.00% -12.23% 5.93% 16.67%

Bond Geographic Breakdown

Weighting Return Low Return High RMUNX % Rank
US
82.00% -0.60% 102.38% 96.67%
Non US
18.00% 0.00% 22.25% 2.05%

RMUNX - Expenses

Operational Fees

RMUNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.09% 2.11% 32.56%
Management Fee 0.47% 0.08% 1.30% 49.49%
12b-1 Fee 0.25% 0.00% 1.00% 39.45%
Administrative Fee N/A 0.00% 0.33% N/A

Sales Fees

RMUNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 1.00% 5.75% 20.43%
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

RMUNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RMUNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 3.00% 293.00% 78.73%

RMUNX - Distributions

Dividend Yield Analysis

RMUNX Category Low Category High RMUNX % Rank
Dividend Yield 1.53% 0.00% 3.06% 50.00%

Dividend Distribution Analysis

RMUNX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

RMUNX Category Low Category High RMUNX % Rank
Net Income Ratio 3.64% -0.21% 4.62% 6.15%

Capital Gain Distribution Analysis

RMUNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

RMUNX - Managers

Troy E. Willis

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2003

16.1

16.1%

Mr. Willis has been a Senior Vice President of OppenheimerFunds Inc. since January 2017 and a Senior Portfolio Manager of OppenheimerFunds Inc. since January 2006. He was a Vice President of OppenheimerFunds Inc. from July 2009 to December 2016 and an Assistant Vice President of the Sub-Adviser from July 2005 to June 2009. Willis has been an assistant vice president of OppenheimerFunds Inc. since July 2005 and associate portfolio manager with the company since 2003. Prior to joining Oppenheimer Funds Inc. in 2003, he was a corporate attorney for Southern Resource Group from 1999 to 2003. Willis is a senior portfolio manager and officer of 18 portfolios in the Oppenheimer Funds complex.


Mark Paris

Manager

Start Date

Tenure

Tenure Rank

Jun 21, 2019

0.11

0.1%

Mark Paris serves as Senior Portfolio Manager and Head of Portfolio Management and Trading for Invesco Municipal Bond Team. Mr. Paris entered the industry in 1990 and joined Invesco in 2010. Prior to joining the firm, Mr. Paris was a trader and then a portfolio manager on the Municipal Fixed Income team at Morgan Stanley, which he joined in 2002. He also was previously a trader/portfolio manager at Oppenheimer Funds, head underwriter at Chase Manhattan Bank and a trader/underwriter at NatWest Bank. Mr. Paris earned a BBA degree in finance from Baruch College – The City University of New York (CUNY). He holds the Series 7, 24, 79, 53 and 63 registrations.


Tenure Analysis

Category Low

0.0

Category High

39.77

Category Average

9.01

Category Mode

1.5